Hibbing JC Penney store to close

Hibbing JC Penney store to close

Hibbing JC Penney store to close

JCPenney got its start in Kemmerer in 1902. No specific date was given for when the McAllen location will close.

Liquidation will begin April 11, and affected stores will close in June.

J.C. Penney released the list of stores that would be closing in 2017.

A supply chain facility in Florida will also close while a California location will be relocated.

Sears closed at Eastridge in late 2014, one of about 100 stores the struggling retailer said it was closing at the time.

JCPenney's other stores in Northeast Ohio that will remain open include: Akron, Avon, Canton, Elyria, Mentor, North Olmsted, Parma, and Strongsville.

Disappointing holiday sales were reported at all department stores nationwide, as well as declines in stock prices, just before the closures were announced. Retailers have been hit hard by consumer drift toward online shopping.

The closures leave four stores in the area: Montgomery Mall, Oxford Valley Mall, Deptford Mall and Cherry Hill Mall.

Ellison told USA Today that by closing 138 stores, the retail chain will aim to raise the standard of its brand name.

The annual cost savings resulting from these strategic decisions, primarily occupancy, payroll, home office support, corporate administration and other store-related expenses, are estimated at approximately $200 million.

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.